Silver yesterday settled up by 0.05% at 61223 on hopes of recovery in industrial demand. Prices also rallied amid safe-haven demand as investors fretted over rising coronavirus cases around the world, disappointing jobless claims data and worsening U.S.-China tensions.
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MCX Gold Above 51500 Target 53500—54500 – Neal Bhai Reports
Gold yesterday settled up by 0.66% at 51035 amid an escalation in the U.S.-China spat added further safe-haven fuel to a rally to a peak driven by fears over the economic hit from the coronavirus pandemic.
Gold MCX Full Target Done – Silver SL Hit – Neal Bhai Reports
Gold MCX Full Target Done 50850 To 51184 – Silver MCX SL Hit – Neal Bhai Reports
Gold price maintained its daily gains after the U.S. new home sales beat expectations in June, rising 13.8% versus the expected 4% increase. May numbers were also upwardly revised to 19.4% advance.
MCX Silver Tips Today Rocking 61540 to 62200 Full Target Hit – Neal Bhai
MCX Silver Tips Today Rocking 61540 to 62200 Full Target Hit – Neal Bhai
It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce.
MCX Gold Tips Today Rocking 50410 to 50680 Full Target Hit – Neal Bhai
MCX Gold Tips Today Rocking 50410 to 50680 Full Target Hit – Neal Bhai
Silver Prices Could Rise to $25 over 6-12 months – Outperforming Gold
Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.
Silver Logs Highest Finish Since 2014, Up More Than 80% From 2020’s low
Silver rallied Tuesday to finish at its highest level since 2014, up by more than 80% from the year’s low, benefiting as both a precious and industrial metal as it looks to catch up with gold’s impressive year-to-date performance.